Trump Urges Twitter Followers on to ‘Stay Tuned’ Amid Trade Talks With China
AFP 2018 / ROBYN BECKBusiness17:59 15.05.2018(updated 18:00 15.05.2018) Get short URL
WASHINGTON (Sputnik) – US President Donald Trump said in a statement on Tuesday that trade negotiations are still underway with China and both countries have imposed additional tariffs.
“Trade negotiations are continuing with China. They have been making hundreds of billions of dollars a year from the US, for many years. Stay tuned!” Trump said in a Twitter message.
According to the Chinese Commerce Ministry, State Council Vice Premier Liu He is expected to arrive in the United States on Tuesday for trade negotiations.
READ MORE: Oil to Soar to $100, US-China Trade War Nears: What’s Behind Trump’s Policy?
The first round of trade talks between China and the United States took place in Beijing on May 3-4. The two delegations addressed such issues as expanding US exports to China, bilateral trade in services, bilateral investments, intellectual property protection and tariffs. According to the Chinese media, a consensus was reached in some of these areas, but major disagreements still remained.
READ MORE: Eurozone Economy Grinds to Halt Amid Trade, Policy Woes
The talks have been reasoned by the recent tensions between China and the United States, which erupted in recent months after in March, Washington introduced a 25-percent tariff on imported steel and a 10-percent tariff on imported aluminum.
In addition, in April, US President Donald Trump threatened to introduce extra tariffs on the Chinese imports worth about $150 billion per year, after which China announced its decision to impose 25-percent tariffs on a total of 106 goods imported from the United States.
READ MORE: Casualty of Trade War: China Telecoms Giant Halts Operations as US Ban Kicks In